Settings8H · net · $10k
Funding arb · Price arb /

NBIS

RWAall NBIS markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0104%/8h= +11.4% APRpaid last 24h +0.051%
Price spread now: Coinbase International against Variational Omni+0.448%7-day average +0.090% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.121%+$12 on $10k
Price spread, last 4 days (all we have)−0.355%−$35 · spread now +0.448%, 7d avg +0.090%
Together, before fees−0.233%+ Points / potential airdropVariational Omni: Active · farm board−$23 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Coinbase International is 0.358% dearer against Variational Omni than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of +0.090%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongVariational Omni NBIS234.510get 0.0000% / 8h3h 52m$2.9M$559K
ShortCoinbase International NBIS-PERP-INTX235.560.0104get 0.0013% / 1h52m 42s$389K$724K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Coinbase International against Variational Omni. Falling: the short leg gains. Rising: it loses.
latest
Price spreadloading…

Funding on every exchange

click an exchange to add or hide it
latest
How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Funding earned
$21.84
Price spread: +0.448% → +0.090%
$35.82
Slippage, 4 orders
no order book: not counted
Fee Variational Omni: 0 bp × 2 orders
$0
Fee Coinbase International: 5 bp × 2 orders
−$10
Net
$47.66
Costs to cover
0.100%
Break-even
from the start
Slippage unknown: Variational Omni: RFQ quote, 1 min ago; Coinbase International: live order book, 66 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Variational Omni RFQ quote, 1 min ago5.03 bpdoesn't fit35.7 bp −$357doesn't fitdoesn't fit
Sell Coinbase International live order book, 66 min ago6.79 bp11.8 bp −$1218.5 bp −$185doesn't fitdoesn't fit

NBIS on 31 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit NBISUSDT0.0000%8h234.45−0.025%$5.0M$6.3M50xas long as short
OKX NBIS-USDT-SWAP0.0000%8h234.25−0.110%$3.4M$16.1M25xas long as short
Gate NBIS_USDT0.0000%8h234.37−0.059%$2.8M$5.0M50xas long as short
Bitget NBISUSDT0.0000%8h234.38−0.055%$2.4M$4.4M20xas long as short
Variational Omni NBISlong0.0000%8h234.51long leg$2.9M$559K
GRVT NBIS_USDT_Perp0.0000%8h234.70+0.083%$5K$120K10xas long as short
SunX NBIS-USDT0.0000%8h234.39−0.051%$1K$1.7M10xas long as short
HTX NBIS-USDT0.0000%8h234.46−0.021%$15K$60K20xas long as short
Phemex NBISUSDT0.0000%8h234.39−0.051%$1.6M$954K10xas long as short
Aster NBISUSDT+0.0009%8h234.72+0.091%$79K$310K50xas long as short
Show all 31 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance NBISUSDT+0.0013%8h234.40−0.046%$19.3M$84.5M25xas long as short
Extended NBIS-USD+0.0016%1h234.31−0.087%$150K$701K10xas long as short
BloFin NBIS-USDT+0.0024%8h234.44−0.029%$207K$206K20xas long as short
QFEX NBIS-USD+0.0034%1h234.36−0.064%$1.5M$4.1M10xas long as short
Arcus NBIS-USD+0.0040%1h234.33−0.076%$42K$132K5xas long as short
Vest NBIS-USD-PERP+0.0046%1h234.50−0.004%$216K5xas long as short
Kraken Futures PF_NBISUSD+0.0048%1h234.31−0.085%$23K$15K20xas long as short
Polymarket Perps NBIS-USD+0.0050%1h234.29−0.093%$147K$456K10xas long as short
SoDEX NBIS-USD+0.0050%1h234.37−0.059%$80$21K10xas long as short
Ondo Perps NBIS-USD.P+0.0050%1h234.27−0.102%$161K$500K10xas long as short
tradeXYZ xyz:NBIS+0.0096%1h234.29−0.093%$54.7M$19.9M10xas long as short
KuCoin NBISUSDTM+0.0100%8h234.31−0.085%$483K$20K20xas long as short
Orderly PERP_NBIS_USDC_mythos+0.0100%8h234.37−0.059%$2K$3K10xas long as short
Aevo NBIS-PERP+0.0104%1h234.37−0.057%10xas long as short
Coinbase International NBIS-PERP-INTXshort+0.0104%1h235.56+0.448%$389K$724K10x
Nado NBIS-PERP+0.0120%1h234.27−0.104%$38K$115K3xas long as short
Deribit NBIS_USDC-PERPETUAL+0.0177%1h234.29−0.093%$35K$49K10xas long as short
Phoenix NBIS+0.0239%1h234.35−0.068%$7K$150K10xas long as short
Lighter NBIS+0.0264%1h234.44−0.029%$906K$3.9M10xas long as short
Entropy io:NBIS+0.0339%1h234.46−0.021%$10.2M$3.2M10xas long as short
edgeX NBISUSDC+0.0661%4h234.35−0.069%$38K$226K10xas long as short